§ 98-d. 1332 state innovation program fund. 1. There is hereby
established in the joint custody of the state comptroller and the
commissioner of taxation and finance a special fund to be known as the
"1332 state innovation program fund".

2. Such fund shall be kept separate and shall not be commingled with
any other funds in the custody of the state comptroller and the
commissioner of taxation and finance.

3. Such fund shall consist of moneys transferred from the federal
government pursuant to 42 U.S.C. 18052 and an approved 1332 state
innovation program waiver application for the purpose implementing the
state plan under the 1332 state innovation program, established pursuant
to section three hundred sixty-nine-ii of the social services law.

4. Upon federal approval, all moneys in such fund shall be used to
implement and operate the 1332 state innovation program, pursuant to
section three hundred sixty-nine-ii of the social services law, except
to the extent that the provisions of such section conflict or are
inconsistent with federal law, in which case the provisions of such
federal law shall supersede such state law provisions.